Biden Administration Releases 1 Million Barrels of Gasoline to Lower Prices Ahead of July 4

Strategic sale targets Northeast U.S. as record travel numbers are expected for the holiday weekend.

Energy Department announces sale from Northeast Gasoline Supply Reserve to reduce pump prices.
Gasoline sold at an average price of $2.34 per gallon to five companies.
AAA projects nearly 71 million Americans will travel 50 miles or more for July 4.
Gas prices have decreased by nearly 20 cents over the past two months.
This move builds on previous actions including releases from the Strategic Petroleum Reserve.